1 Year Since Crypto’s Biggest Liquidation Event: Bitcoin Hasn’t Fully Recovered Yet

Over $19 billion was wiped out a year ago and BTC is still facing the consequences. October has a very solid reputation in the cryptocurrency markets as “Uptober” – a green month that has historically led to major gains. Last year’s edition was quite historic. On the one hand, BTC skyrocketed to its latest all-time high of roughly $126,000. On the other hand, though, it experienced its worst liquidation event ever. This weekend marks the first anniversary of the latter. A Date to Remember In the days leading up to October 10, more on that date in a second, BTC was climbing hard, earning the name Uptober. The latest record came on October 7 at just over $126,000. Analysts and permabulls were quick to praise the move and highlight the next massive targets of $200,000 or even $500,000 by the end of the year. The reality was different. Very different. And a lot more painful. On October 10, 2025, escalating US-China trade tensions, among other reasons, triggered a violent sell-off that was exacerbated by the enormous amount of leveraged positions. According to most estimates, the total value of wrecked positions exceeded $19 billion within 24 hours. This was the worst such day in the en...